ROUNDGLASS FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

VIRENDRA PRASAD

Phone

4256204142

Tax Period

2023-01-01 to 2023-12-31

ROUNDGLASS FOUNDATION, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 366% operating deficit.

Mission

TO CREATE MORE EFFICIENT AND RESPONSIVE PHILANTHROPIC GIVING.

Program Service Accomplishments

Program 1

Expenses: $3,465,470 Revenue: $1,780

SUPPORT GRANTS TO QUALIFIED ORGANIZATIONS SUPPORTING GLOBAL HEALTH, ENVIRONMENTAL, AND SOCIAL PROGRAMS FOR UNDERSERVED AREAS.

Program 2

Expenses: $519,240 Revenue: $182,497

DEVELOP AND EXPAND AVAILABLE YOUTH SPORTS FACILITIES FOR LOCAL COMMUNITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $837,582

Program Service Revenue $182,497

Investment Income $114,667

Other Revenue $-15,279

TOTAL REVENUE $1,119,467

Expense Breakdown

Grants Paid $3,465,470

Salaries & Benefits $109,725

Fundraising Expenses $0

Program Expenses $3,984,710

Other Expenses $1,642,199

TOTAL EXPENSES $5,217,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,119,467	$25,376,012	-1.0%
Expenses	$5,217,394	$5,348,653	0.0%
Net Income	$-4,097,927	$20,027,359	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANIL GARG	SECRETARY	2.50	Officer	$0	$0	$0
THOMAS FALKNER	VICE PRESIDENT	2.50	Officer	$0	$0	$0
VIRENDRA PRASAD	PRESIDENT	2.50	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,119,467	$5,217,394	$16,094,913	$-4,097,927
2022	$25,376,012	$5,348,653	$20,192,840	$20,027,359